Beginner’s Guide to Home Loans

Hot topics

Hot topic #
01

What is loan to value ratio (LVR)?

Learn how loan to value ratio (LVR) affects your borrowing power, interest rates, and deposit requirements. Discover what lenders look for and how to improve your LVR before applying.
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Hot topic #
02

What is equity?

Understand what equity means in a home loan, how it’s calculated, and how to use it to buy, refinance or invest in property.
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Hot topic #
03

What is a discharge fee?

Understand what a mortgage discharge fee is, when it applies, and how it affects your home loan. Learn the costs, timing, and steps involved when closing your loan early or switching lenders.
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How missed and late payments may impact your credit score
Missed or late home loan payments can lower your credit score and impact future loan approvals. Learn how it works and what you can do to avoid it.
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What is buy now pay later? And does it impact your credit score?
Wondering if buy now, pay later services affect your credit score? Learn how BNPL works, how lenders view it, and what it means for your home loan application.
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What is a holding deposit?
Learn what a holding deposit is, how much you might pay, and what it means when buying property in Australia.
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What are basis points?
Learn what basis points mean in home loans, how they influence your interest rate, and why lenders use them.
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When should I consider applying for financial hardship assistance?
Struggling with repayments? Learn when to apply for home loan financial hardship assistance, what to expect, and how Unloan supports you through it.
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What happens with your home loan if you pass away
Find out what happens to your mortgage when you pass away in Australia, including how debt is handled, who’s responsible, and what options your family or co-borrower may have.
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^ Unloan offers a 0.01% per annum discount on the Unloan Live-In rate or Unloan Invest rate upon settlement. On each anniversary of your loan’s settlement date (or the day prior to the anniversary of your loan’s settlement date if your loan settled on 29th February and it is a leap year) the margin discount will increase by a further 0.01% per annum up to a maximum discount of 0.30% per annum. This discount is applied to each loan that you have with Unloan. If you have multiple loans (e.g. one investor and one live-in loan), they will each have a discount calculated based on when you settled each loan. Unloan may withdraw this discount at any time.

*Comparison rate is calculated on a $150,000 secured loan over a 25 year term. WARNING: This comparison rate is true only for the examples given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate.